Ethereum price at $2,100 as Vitalik denies selling: Will there be a rebound next?

Ethereum traded near $2,100 on May 26, according to price data from crypto.news.

Meanwhile, the token fell by 0.12% in 24 hours and 1.7% in 7 days. The 24-hour trading volume reached $9.72 billion, and the market capitalization reached $253.25 billion.

The same data showed Ethereum hovering between $2,080 and $2,140 during the day. it was maintained $ETH It is close to the broad support zone of $2,000 to $2,100 that traders have been focusing on since the recent pullback.

Short-term indicators continue to show weak momentum. The Awesome Oscillator is at -153.30, meaning that sellers are still in control of the current trend. Chaikin Money Flow is also slightly negative at -0.04, indicating moderate capital outflows rather than strong capital accumulation.

Volume on the chart was around 46.84,000, which looked mild compared to the previous plunge. This means that the downward movement does not yet indicate clear panic selling. A recovery above $2,300-$2,400 would improve the setup, but a $2,000 loss would increase downside pressure.

Vitalik Buterin denies selling Ethereum

Ethereum co-founder Vitalik Buterin also started joining the market discussion after Ali Martinez posted a price analysis titled “Ethereum is not for sale!” The post links to Buterin’s comments on pricing and the future role of the Ethereum Foundation.

As previously reported by crypto.news, Buterin said the Ethereum Foundation prioritizes long-term survival over broader activities. He also said the foundation’s sales would decline. $ETH To focus our efforts around privacy, security, openness, and core protocol goals.

Buterin said the foundation holds about 0.16% of the total. $ETH supply. He also explained that the Ethereum Foundation is not the center of the network, but is part of the broader Ethereum system.

This message is important as Ethereum traders have been closely monitoring Foundation Treasury movements throughout May. The foundation withdrew $21,270. $ETH Sold 10,000 pieces from Lido Staking $ETH It traded on BitMine on May 1st at an average price of $2,292.

Analysts focus on support at $1,850 and resistance at $2,400

Ali Martinez said that Ethereum has failed to recover the middle layer of the multi-year structure, which also coincides with the 200-week simple moving average. From that perspective, the most important level is $1,850.

The analyst warned that a weekly close below $1,850 could pave the way for $1,560, with the possibility of deeper dives around $1,070 thereafter. These levels are set up as potential accumulation zones and not as a reason to chase short positions.

Ali also linked $1,850 to the 0.8 MVRV price range. Analysts said that Ethereum typically did not stay below that band for long periods in past cycles. Based on that view, weakness below $1,850 could create gradual dollar-cost averaging.

The planned stages included allocations of 20% on $1,850, 20% on $1,560, 20% on $1,230, 30% on $1,080, and 10% on $830. The bullish nullification level was also evident. Ethereum needs to regain its 200-week SMA near $2,500 and then break out of its 50-week SMA near $3,100.

As reported by crypto.news, Ethereum also faced resistance near $2,400 earlier this month. The report said $2,200 remained the key downside area at the time, while a selling wall around $2,400 still limited upside.

Low volatility leaves $ETH waiting for instructions

CryptoQuant analyst Arab Chain said Ethereum’s 30-day volatility index on Binance has fallen to nearly 0.30, its lowest level since 2023. $ETH It traded around $2,100.

Low volatility does not confirm a bullish or bearish move. This indicates that traders are waiting for clearer signals before adding risk. After a long period of calm, a stronger move could return soon as volume and liquidity rise again.

CW also stated that the Coinbase whale is forming a short-term sell wall around $2,400. Analysts said these whales are putting pressure on, but not really selling. This leaves the $2,400 area important for recovery attempts.

A clean move above $2,400 would weaken the sell wall setup and focus on $2,500. This would also coincide with the initial bullish trigger near Ali Martinez’s 200-week SMA.

If Ethereum loses $2,000, traders could turn their attention back to $1,850. If the weekly closing price falls below that level, the bearish trend will strengthen technically and a lower cumulative layer will be in the picture.